Market Profile

The economy of Timor-Leste is largely based on offshore oil and gas exploration in the Timor Sea. The Petroleum Fund was established to manage revenue transparency and sustainability, and as of June 2014, the fund was valued around US$16 billion. Declining oil production in Timor-Leste highlights the need for divestment in the economy. It is a relatively young country in need of a broader participation of the workforce to support new development initiatives.

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travellers and tourists going to East Timor. This is regularly updated and should be checked before planning travel.

Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.

The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.

Are you ready to export?

Austrade’s International Readiness Indicator.

An online tool for new exporters that has been designed to help Australian businesses determine whether their business is ready for exporting.

How Austrade can help

Additional Information

Free Trade Agreements

Increased trade creates more Australian jobs and delivers more opportunities for Australian businesses. Find out about how you can take advantage of Australia's North Asia Free Trade Agreements (FTAs).